Likewise, clas rank (if your school does it, or otherwise a general knowledge of GPA distribution at your school by the colleges) will also make a differance: a 3.8 reads very differently to adcoms if it puts you in the top 5% of your class vs. the top 20%.
An employee's gross pay is the amount of his wages before any deductions, including taxes and benefits. Gross pay may be determined by the amount an employee works, as in hourly pay, or at a set rate, as in a weekly salary.
The total gross pay for the weekly pay period is $222.50; How Gross Pay Is Used for Payroll and Payroll Taxes. As noted above, gross pay is the starting point for other calculations. In every case, the individual calculation begins with gross pay. That is, the calculations are independent of each other. 1  Calculating overtime pay for hourly employees (and some salaried employees) 2  Calculating and withholding federal and state income taxes. 3  Calculating and withholding FICA taxes (Social Security and Medicare)